Ashmore shares fall as CEO announces stake sale plan

Tom Eckett
@InvestmentWeek
14 February 2019

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Ashmore Group shares fell over 5% on Thursday after CEO and founder Mark Coombs revealed plans to sell down his stake in the company.

Coombs, who owns 39% of the emerging markets specialist manager, will reduce his stake "to a more appropriate level" by selling up to 4% of the firm's stock each year into the market. On the news, Ashmore...

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